All Forum Posts by: Evelyn Castillo

Yeah it’s a W2 job in Homeland security. Was thinking the same; I’ll just reach out to them and see. Thank you! 

I haven’t yet. I’ve just done visceral research about it and have had people tell me that they want to see at least 2 yrs of consistent employment at one place. But I guess the best thing would be to speak to a lender after 6 months of working, perhaps they can make something work. 

Hi BP! I recently landed a full-time job (my first REAL job). I know that I want to use it to fund investment properties in the future and I know that I want to use the FHA option because it's quicker.

I have never stayed in any of my part-time jobs for more than 2yrs and I am wondering if my very choppy, and unstable work history will be a major obstacle? I will be 25 and I would hate to have to wait 2yrs so I can qualify for an FHA loan. Also, I have an associates degree and will soon be graduating with a bachelors degree as well. Would this count towards "work history" necessarily?

Would love any feedback/experience here? Hopefully there is some wiggle room. I also have no debt and good credit, if that makes a difference. 

Hey all! I am in the Miami/Homestead FL market. What kind of due diligence is necessary for a gutted property? Also, would you tackle this as a newbie? Not even sure where I would start. Just wondering if there is anyone else in this market and what would you say works best in this market in order to cash flow? SFH, multi-family, rent by room, or fix and flip? Ive heard on podcasts that not every strategy is great for every market. Would appreciate any comments! Thank you all.

Hey all! I am in the Miami, FL market. I want to do a kind of house hack. So I was thinking to get a regular home and put a mobile home in the back (where I would stay). Just wondering if anyone has had any experience with this? Given I can't afford anything very large right now (like a regular triplex/duplex); I thought this would be a better option for me. Miami is an expensive market but I don't want to wait very long to get save and get started. Also will be using the FHA route to attain my very first property.

Hey all! Originally from Miami, FL. I am doing some research about the market in TN, looks like ill be moving there within the next couple of months or so as my family is relocating. I have zero knowledge about the market in TN SO, what are the cities/areas that are higher in costs? Lower in costs? I want to do some kind of house hack. Would love to hear stories/advice from those in this market. Thank You all in advance! 

Thank you Bradley! I appreciate all the insight. Yeah I was also considering that form of house hacking (renting out rooms). This seems pretty popular in this area. Would you say that perhaps buying the run down less desirable homes would help? My parents got super lucky and bought a gutted home for about 60K. I’m thinking that’s the only way to get a reasonable. And then of course all the expenses to fix it up. They are now renting this home out. But it’s seems these are very very rare opportunities! 

Hey all! I know that banks generally look at credit score when considering whether or not to give you a loan; so far I have 2 credit cards. I use them very responsibly because I want to build my credit up. How many credit cards should I have to help me build credit? I was aiming for 5 overtime but I don’t know if this really necessary? Would love any ideas on how you built credit for investments. Thanks! I am based in Miami FL btw! Would love to connect. 

Yeah very true! I do notice that’s a huge thing now. Makes it easier for people to move around. Thanks for input!